Latest Headlines
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Vår Energi Reports Record High Production And Strong First Quarter Results
4/23/2024
Vår Energi ASA is on track for growth and value creation and delivers strong financial results in a quarter with record high production.
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Transformational Combination Of Substantially All Of Eni’s UK Upstream Operations With Ithaca Energy, Creating A Leading United Kingdom Continental Shelf Production And Growth Company
4/23/2024
Eni S.p.A. (“Eni”) is pleased to announce today that it has reached an agreement on the combination of substantially all of its upstream assets in the UK, excluding East Irish Sea assets and CCUS activities (“Eni UK Business”) with Ithaca Energy plc, (“Ithaca”), marking a strategic move to significantly strengthen its presence on the UK Continental Shelf (the "UKCS") (the “Combination”).
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API On NPC Studies: Industry, Policy Collaboration Essential For Accelerating Energy Innovation And Emissions Reductions
4/23/2024
The American Petroleum Institute (API) today released the following statement from President and CEO Mike Sommers on the National Petroleum Council (NPC) reports on Greenhouse Gas Emissions and Hydrogen:
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TotalEnergies Signs An Agreement In View Of Acquiring The Remaining 50% Of Sapuraomv, A Significant Upstream Gas Operator In Malaysia
4/22/2024
TotalEnergies has signed an agreement with Sapura Upstream Assets Sdn Bhd (SUA) to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn (SapuraOMV) for a consideration of $530M, subject to closing adjustments. Closing is expected in the second half of 2024.
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SLB Introduces Two Innovative Artificial Lift Systems To Enhance Performance And Operating Range
4/21/2024
SLB today introduced two advanced artificial lift systems: The Reda Agile compact wide-range electric submersible pump (ESP) system and the rodless Reda PowerEdge electric submersible progressing cavity pump (ESPCP) system. Their breakthrough designs deliver enhanced reliability and efficiency.
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Energy Workforce & Technology Council Denounces Administration’s Decision To Block Drilling In National Petroleum Reserve
4/19/2024
Today, the Energy Workforce & Technology Council released the following statement strongly condemning the Administration’s move to block oil and gas drilling across over 13 million acres of the National Petroleum Reserve, a vital component of our nation’s energy security.
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API On Final NPR-A Rule: A Step In The Wrong Direction For American Energy Leadership
4/19/2024
The American Petroleum Institute (API) today released the following statement from Senior Vice President of Policy, Economics and Regulatory Affairs Dustin Meyer on the Biden administration’s restrictive final rule managing energy development in Alaska’s National Petroleum Reserve...
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Biden-Harris Administration Takes Critical Action To Protect Alaska Native Subsistence, Lands And Wildlife
4/19/2024
The Department of the Interior today took two actions to help ensure millions of acres in Alaska are appropriately managed to protect the subsistence economy important to Alaska Native people and rural communities; conserve important fish and wildlife habitat; and balance extractive activities on public lands.
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Petrofac Supporting National Oil Company Of Equatorial Guinea
4/18/2024
Petrofac, a leading provider of services to the global energy industry, has today been awarded a Technical Services Contract by Compañía Nacional de Petróleos de Guinea Ecuatorial (GEPetrol), the National Oil Company of Equatorial Guinea, to support the operation of the region’s Block B asset.
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Kimmeridge Withdraws Proposal To Combine Silverbow With Kimmeridge Texas Gas
4/16/2024
Kimmeridge, an alternative asset manager focused on the energy sector and the largest shareholder of SilverBow Resources ("SilverBow" or the "Company") holding 12.9% of outstanding shares, today issued the following statement: